By Avinash Pathak The initial prediction was of a strong summer with above-normal temperatures, which has been prevalent in many parts of India. And it has raised expectations among consumer durable makers of a pickup in sales of fans, A/Cs, refrigerators and air coolers. However, February and March have been slightly encouraging, with dealers starting […]
Two companies — Tata Play, formerly known as Tata Sky, and drone maker ideaForge Technology — have received capital markets regulator Sebi‘s approval to raise funds through initial public offerings (IPOs). Tata Play, the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, […]
Reliance Industries (RIL) and its UK-based partner bp plc have put on hold the planned auction to sell natural gas from the eastern offshore deepwater block — KG-D6 — following a change in the marketing rules. The bidding process has been suspended till further notice, the companies said in a letter jointly sent by RIL […]
The rupee appreciated 18 paise to close at 81.18 (provisional) against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped sharp gains for the local currency, forex traders said. During the trading session, the local unit witnessed an intra-day high of 81.09 and […]
Auto maker tata motors q3 margins improved across segments, and JLR benefited from rising chip supply, according to brokerage firm Nomura. Tata Motor’s consolidated Ebitda at Rs 9,640 crore was ahead. JLR: Average selling price (ASP) stood at £75.9k +9% q-o-q (Nom: 74k) benefited from strong mix. Ebitda margin was 11.9% (Nom: 12.3%). For India, […]
Oil prices jumped about $5 a barrel on Monday’s open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability. Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT, up $5.06, or 6.3%. U.S. West Texas […]
Atal Bihari Vajpayee, the charismatic poet-politician who served as India’s 10th Prime Minister for three non-consecutive terms, remains a towering figure in the nation’s history. Vajpayee passed away at the age of 93 on August 16, 2018. His health had been a growing concern after a stroke in 2009 impaired his speech and led to […]
In response to recent attacks in the Arabian Sea, and to maintain a deterrent presence, the Indian Navy has deployed Guided Missile Destroyers, INS Mormugao, INS Kochi and INS Kolkata. And, long-range maritime reconnaissance P8I aircraft are being regularly tasked to maintain domain awareness. According to the Indian Navy, in close coordination with Coast Guard […]
By Dilip Parmar The rupee took a beating, declining for a third straight week amid foreign fund outflows, higher crude oil prices and strong dollar demand from the corporates. The emerging market currencies posted their biggest weekly loss since April on expectations that US interest rates are headed higher to tame inflation. India’s inflation breached […]
The annual Kapoor Christmas luncheon, a star-studded affair, recently brought together the renowned Bollywood family members. Among the distinguished guests was Shweta Bachchan, daughter of legendary actor Amitabh Bachchan, accompanied by her husband, the accomplished businessman Nikhil Nanda. Nikhil Nanda, a successful entrepreneur, shares family ties with Bollywood stars Ranbir Kapoor, Kareena Kapoor Khan, and […]
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